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Latest Briefings

Policies for streamlining operations of PSCs

On 18 July 2018, the Cabinet Committee on Economic Affairs approved policy framework for streamlining operations of production sharing contracts (PSCs) for increased domestic production of hydrocarbon resources (Policy). By way of background, the Government of India had awarded 28 exploration blocks (13 offshore and 15 onshore) to private companies between 1980. This was prior […]

Amendments to IBBI Regulations, 2016 – CIRP Regulations

By Ashwin Bishnoi, Shruti Singh, Charu Chitwan The Insolvency and Bankruptcy Board of India (IBBI) notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2018 (Amendment Regulations) on 4 July 2018 to amend the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) for the third time this year. Primarily, the […]

Why Offshore for Fintech?

Fintech is changing the way banking and financial services businesses are operating at an incredible pace. There are many challenges and opportunities that face financial institutions, business, investors and start-ups. As with much new technology, the speed of change frequently outstrips the legal and regulatory landscape and fresh approaches are often required to adapt. With […]

Cayman Islands investment funds – Changes to the AML Regime

A number of significant changes to the anti-money laundering regime applicable to Cayman Islands investment funds were introduced towards the end of 2017. The key changes are: • Unregulated investment funds will be subject to the Anti- Money Laundering Regulations, 2017 (as amended, the “AML Regulations”) from 31 May 2018 • The Cayman Islands Monetary […]

Recommended

In brief: Solicitor struck off for stealing £500,000

A crooked solicitor who committed “the worst kind of systematic abuse of clients” by stealing nearly #500,000 of their money has been struck off by the Solicitors Disciplinary Tribunal. For five years Richard Martin, of Webster Butcher & Johnson of Balham in London, transferred huge amounts of client cash to office accounts. The Solicitors Compensation […]

In brief: Survey spotlights top 1,000 firms in the US

Jones Day Reavis & Pogue remains the biggest firm in the US, according to Corporate Legal Times’ annual top 1,000 survey. Skadden Arps Slate Meagher & Flom is second with Morgan Lewis & Bockius third. Meanwhile, Morgan Lewis is moving its London offices from Pall Mall to 2 Gresham Street in the City (pictured right). […]

Flotation

David Roberts (pictured right) and Matthew Dobson of Garretts advised Charterhouse Tilney Securities on the #34m London Stock Exchange flotation of Baldwins Industrial Services, advised by Edge Ellison.

In brief: Lord Chancellor asked to review credit ban

Liverpool firm Silverbeck Rymer has written to the Lord Chancellor, Lord Irvine, urging him to review the County Court Act 1984 because it prevents thousands of people from obtaining credit, even though they are not a bad risk. Senior partner Jim Rymer says that under the act an individual who has an insurance claim made […]

Old conflicts re-surface after Queen's Speech splits profession

The legal profession’s united front in opposing the Government’s legal reforms has broken down on the issue of public defenders. Both the Law Society and Bar Council of England & Wales repeatedly stressed their united opposition to the Lord Chancellor, Lord Irvine’s legal aid reforms announced a year ago. But in the wake of the […]

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